Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40
Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
MDVIP Gets New PE-Sponsors
The primary care operator MDVIP is being traded in a new deal announced last week. Goldman Sachs Asset Management Private Equity, the primary investing area within Goldman Sachs, and Charlesbank Capital Partners, a middle-market private investment firm with more than $15 billion of capital raised since inception, are taking majority ownership in MDVIP from Leonard Green & Partners. MDVIP was bought by Leonard Green & Partners in 2017 from Summit Partners, and the latter has maintained minority ownership until now. No financial terms were disclosed in the new deal. MDVIP provides membership-based healthcare with a national network of over 1,100 primary care physicians serving... Read More »
NexCore & Nuveen Buy 29-Asset Healthcare Portfolio for $620.4 Million
NexCore Group, a national healthcare real estate developer, and Nuveen Real Estate, one of the five largest global real estate investment managers, have closed on their sixth transaction together. The pair have struck a deal to acquire a healthcare real estate portfolio, which includes 29 assets spanning 13 states and totaling 1,165,173 square feet, from IRA Capital for $620.4 million, or $532 per square foot. It’s one of the largest healthcare real estate transactions in 2021 so far. The portfolio consists of $463 million in medical office buildings (MOBs) and $157 million in life sciences facilities. The release did not specify the facilities or the locations. The transaction expands... Read More »The Primary Care Market Heats Up
Since the COVID-19 pandemic hit, there have been more than the usual number of large deals focused on primary care providers and clinics in North America. These clinics staff physicians (but are not run by them, like a physician group) and other healthcare providers to help patients with routine, non-emergency medical issues, and are often the first stop for a patient seeking treatment. A wide range of investors and strategic buyers have been moving into this space this year. Cano Health, Inc. (NYSE: CANO), one of the more active buyers, announced two deals in the second quarter expanding its primary care network in Florida. In June, it purchased University Health Care and its affiliates,... Read More »
Partners Group Acquires Pharmathen
Outsourced R&D companies, such as CROs and CDMOs, have been in huge demand this year due to industry tailwinds. Biotech and pharma firms are racing to find treatment for diseases of high unmet need, and external research firms have the capabilities to help life science companies reach the finish line. The M&A market for CROs, especially, has been grabbing all the attention, but CMDOs are in high demand as well, as showcased by the acquisition of Pharmathen by private equity firm Partners Group from BC Partners for $1.9 billion. BC Partners invested in Pharmathen in mid-2015 in a transaction valued at approximately $560 million. Founded in 1969, Pharmathen is a leading CDMO... Read More »
Anchor Health Properties Buys 4 MOBs
The real estate investment firm Anchor Health Properties has expanded its property portfolio with the addition of four class-A medical office buildings (MOBs) totaling more than 210,000 square feet. Anchor Health is paying more than $100 million for the properties, or more than $475 per square foot, but the exact price was not specified. The assets were acquired through joint ventures with existing institutional equity partners in an off-market setting. The portfolio includes University City Medical Office Building in Charlotte, North Carolina (66,525 square feet), NorthBay Medical Office Building in Fairfield, California (29,620 square feet), IDC Medical Plaza in Renton, Washington... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
